The BRIC countries (Brazil, Russia, India, and China) are among the largest and fastest-growing economies in the world. Their economic power is expected to surpass the G7 countries (U.S., Canada, UK, France, Germany, Italy, and Japan) shortly due to a growing population, natural resources, and economic reforms.
The CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) is emerging as another set of promising markets. Even though these are smaller countries than BRICs and G7, they still have much potential to outperform BRICs and G7 due to their growing populations, strategic geopolitical position, low-cost labor, and manufacturing.
An important topic that this article brought up is that the BRICs and CIVETS have a much higher annual growth rate than the…
For my TeachEcoKnowmics Blog Comment #1 I chose the article “BRICs, CIVETS, Emerging Market & Investment”. I have learned quite a bit from this short article about the 6 countries in the CIVETS and their contributions to the world. I did not realize that any of the countries in the CIVETS were growing as much as the article explains. One thing I did notice though is that the blog was written January 19th 2011, and it speculated that the CIVETS would become about half of the global economy by 2020, yet as far as my own research goes, here in 2025 the CIVETS only account for about 5-7% of the global economy. It also states that it would be on…
It's my first time hearing the term BRIC and CIVETS. I tried googling about CIVETS but didn't find a result until I attached the word 'economy' to it. Still, this is a very old article, which is about more than 13 years ago since it has been published. It is interesting to me to take note as to how people are predicting markets back then and compare it to how it is now. CIVETS countries have the characteristics for fast-growing economies, large populations under the age of 30, and reasonably mature financial systems. To the economic world, the political factor of a country is important to consider because with wealth comes political (in)stabilitity. They mentioned Columbia's small market and its…
Interestingly, in this article, their definition of a BRIC country excludes South Africa and includes it with a new acronym: CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa). This contradicts the definition of the BRICS countries as was covered in class. As GDP was defined with market value, final goods, and services, produced within a country in a given period, and as the article notes the diverse economies, fast-growing populations, and the potential to produce outsized returns in the future, it can be expected that the author(s) of the article will also expect their GDPs to grow as well. It is noted in the article that the main difference between the BRIC and the CIVETS is that the latter…
CIVETS is the smaller market-cap, higher vol, alternative to BRICS. If BRICS is like an ETF of currencies on the foreign exchange (FX) market, it is essentially just a top five by market-cap bundle.A lot the uncertainty surrounding certain currencies, like the Russian Ruble, can be mitigated through proper hedging. If there is a healthy diversity in the price movement trends of the pairs listed on CIVETS or BRICS, there is a greater ability for the balancing party to hedge. Whichever entity rolls out this currency can manage the statistical properties of their returns and make them attractive to others. CIVETS is surely less correlated with many global affairs than say the USD. For this reason medium market cap FX…
The BRIC countries (Brazil, Russia, India, and China) are among the largest and fastest-growing economies in the world. Their economic power is expected to surpass the G7 countries (U.S., Canada, UK, France, Germany, Italy, and Japan) shortly due to a growing population, natural resources, and economic reforms.
The CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, South Africa) is emerging as another set of promising markets. Even though these are smaller countries than BRICs and G7, they still have much potential to outperform BRICs and G7 due to their growing populations, strategic geopolitical position, low-cost labor, and manufacturing.
An important topic that this article brought up is that the BRICs and CIVETS have a much higher annual growth rate than the…
For my TeachEcoKnowmics Blog Comment #1 I chose the article “BRICs, CIVETS, Emerging Market & Investment”. I have learned quite a bit from this short article about the 6 countries in the CIVETS and their contributions to the world. I did not realize that any of the countries in the CIVETS were growing as much as the article explains. One thing I did notice though is that the blog was written January 19th 2011, and it speculated that the CIVETS would become about half of the global economy by 2020, yet as far as my own research goes, here in 2025 the CIVETS only account for about 5-7% of the global economy. It also states that it would be on…
It's my first time hearing the term BRIC and CIVETS. I tried googling about CIVETS but didn't find a result until I attached the word 'economy' to it. Still, this is a very old article, which is about more than 13 years ago since it has been published. It is interesting to me to take note as to how people are predicting markets back then and compare it to how it is now. CIVETS countries have the characteristics for fast-growing economies, large populations under the age of 30, and reasonably mature financial systems. To the economic world, the political factor of a country is important to consider because with wealth comes political (in)stabilitity. They mentioned Columbia's small market and its…
Interestingly, in this article, their definition of a BRIC country excludes South Africa and includes it with a new acronym: CIVETS (Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa). This contradicts the definition of the BRICS countries as was covered in class. As GDP was defined with market value, final goods, and services, produced within a country in a given period, and as the article notes the diverse economies, fast-growing populations, and the potential to produce outsized returns in the future, it can be expected that the author(s) of the article will also expect their GDPs to grow as well. It is noted in the article that the main difference between the BRIC and the CIVETS is that the latter…
CIVETS is the smaller market-cap, higher vol, alternative to BRICS. If BRICS is like an ETF of currencies on the foreign exchange (FX) market, it is essentially just a top five by market-cap bundle. A lot the uncertainty surrounding certain currencies, like the Russian Ruble, can be mitigated through proper hedging. If there is a healthy diversity in the price movement trends of the pairs listed on CIVETS or BRICS, there is a greater ability for the balancing party to hedge. Whichever entity rolls out this currency can manage the statistical properties of their returns and make them attractive to others. CIVETS is surely less correlated with many global affairs than say the USD. For this reason medium market cap FX…